Odlums-owner Valeo Foods expands in Germany by buying confectionery firm

The Irish-run firm has bought Schluckwerder – which makes a large range of chocolate bars and snacks

Odlums mill in Portarlington Co Laois. Picture: Collins Photos

Valeo Foods, best known as the owner of Jacob's biscuits and Odlums in Ireland, said it is driving an expansion into Germany with the acquisition of a large confectionery firm.

The Irish-run firm, which is owned by private equity firm CapVest, has bought Schluckwerder – which makes a large range of chocolate bars and snacks and is best known for its marzipan products – from its equity owners.